why is alcoa stock dropping

In comparison, the S&P 500 has an average return of 3.1% over the next 21 trading days under Case 1, and an average return of just 0.5% for Case 2 as detailed in our dashboard that details the average return for the S&P 500 after a fall or rise. The ex-dividend date is Monday, May 15th. 326 E 8th St #105, Sioux Falls, SD 57103 Alcoa Co. (NYSE:AA) Shares Acquired by Victory Capital Management Inc. TSSAA track and field state championships schedule, results for 2023, Dimensional Fund Advisors LP Has $151.97 Million Stake in Alcoa Co. (NYSE:AA), Alcoa : United Steelworkers Members Ratify Labor Agreement, Union approves labor deal for Alcoa smelters in Indiana, New York, Labor Agreement for Alcoas U.S. aluminum smelters in Indiana and New York ratified by members of United Steelworkers, StockNews.com Begins Coverage on Alcoa (NYSE:AA), Alcoa CEO: Bright future for aluminum but 'ho-hum' economic conditions for the moment. Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. There is nothing special about AA-N and it is a difficult place to be. Why Your IRA Could Crash on June 16th (Ad). View analysts price targets for AA or view top-rated stocks among Wall Street analysts. Question 1: Is the average return for Alcoa stock higher after a drop? Will Eli Lilly Stock Continue To Rise After 40% Gains In The Ongoing Inflation Shock. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The sharp rally was driven by an increase in global aluminum prices. Investors of record on Tuesday, May 16th will be given a dividend of $0.10 per share on Friday, June 2nd. Some of the stock price decline between 2017-2019 was justified by more than a 10% decrease in Alcoa revenues during this period. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Tesla: Can Downgrades Make Sense After A 170% Rally? Is the average return for Alcoa stock higher over the subsequent month after Case 1 or Case 2? Shares in bauxite, alumina, and aluminum producer Alcoa (AA 0.50%) were down around 10% by midday Wednesday. Identify stocks that meet your criteria using seven unique stock screeners. More importantly, there is a 49% probability of apositive returnover the next 21 trading days and 44% probability of apositive excess returnafter a -5% change over 5 trading days. But how would these numbers change if you are interested in holding Alcoa stock for a shorter or a longer time period? Notably, though, the stock is likely tounderperformthe S&P500 over the next month, with an expected return which would be3.5%lower compared to the S&P500. The primary reason for this drop has been news from China. 326 E 8th St #105, Sioux Falls, SD 57103 They're not getting credit for delivering a great quarter. AA stock fares better after Case 2, with an average return of 2.3% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an average return of 3.5% for Case 2. S&P 500 4360.12 11.79 (0.27%) Nasdaq 13557.72 65.20 (0.48%) Dow Jones 33769.10 41.67 (0.12%) EUR/USD 1.09 0.00 (0.11%) GBP/USD 1.27 -0.00 (-0.04%) USD/JPY 143.56 -0.01 (-0.00%) Bitcoin USD 30434.07 -237.70 (-0.78%) Crude Oil 69.56 0.40 (0.58%) Gold 1934.80 5.20 (0.27%) Silver 22.68 0.32 (1.44%) You can test the answer and many other combinations on the Trefis Machine Learning to test AA stock chances of a rise after a fall and vice versa. Alcoa saw a decline in short interest during the month of May. In-depth profiles and analysis for 20,000 public companies. Eric Rosen. This copy is for your personal, non-commercial use only. For AA stock, the returns over the next N days after a -5% change over the last 5 trading days is detailed in the table below, along with the returns for the S&P500: Question 3: What about the average return after a rise if you wait for a while? Export data to Excel for your own analysis. Cost basis and return based on previous market day close. Learn More. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings. You can test the answer and many other combinations on the Trefis Machine Learning Engine to test Alcoa stock chances of a rise after a fall and vice-versa. Should You Buy AA? View real-time stock prices and stock quotes for a full financial overview. contact@marketbeat.com Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock. Inflation will be transitory. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Copy and paste multiple symbols separated by spaces. Even with a fairly. Since then, AA stock has decreased by 25.4% and is now trading at $33.93. To see all exchange delays and terms of use please see Barchart's disclaimer. Diversify in the base metal space. Alcoa announced that its board has authorized a share repurchase program on Thursday, October 14th 2021, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. The Motley Fool has no position in any of the stocks mentioned. It reported higher amounts of inventory due to a lack of available train cars and vessels, especially in North America. Alcoa was recommended as a Top Pick by on . Alcoa stock (NYSE: AA) dropped more than 10% in just the last one week and currently trades at little less than $37. Read our dividend analysis for AA. But will Alcoas stock continue its upward trajectory over the coming weeks, or is a correction in the stock more likely? In comparison, the S&P 500 has an average return of 3.1% over the next 21 trading days under Case 1, and an average return of just 0.5% for Case 2 as detailed in our dashboard that details the average return for the S&P 500 after a fall or rise. The Pittsburgh-based company posted sales of $3.29 billion in the first quarter, below the $3.42 billion average of estimates compiled by Bloomberg. It's never a one-way ride for Alcoa shares, though, given that it's a commodity stock that typically moves with fluctuations in commodity prices. Why is Alcoa stock dropping? MORE FROM FORBES ADVISOR. You have already added five stocks to your watchlist. See allTrefis Price EstimatesandDownloadTrefis Datahere, Whats behind Trefis? to the stock experts' signals. Alcoa has received a consensus rating of Hold. Is Alcoa a good investment or a top pick? Whereas most finance sites simply give you the facts about where a stock has been and what a company has done in the past, Trefis focuses entirely on the future. Already a subscriber? With an aim to combat the rising price of finished goods at its factories (and shrinking profit margins for its producers), China's National Food and Strategic Reserves Administration announced. Alcoa will be holding an earnings conference call on Wednesday, July 19th at 6:00 PM Eastern. What if youre looking for a more balanced portfolio instead? Interestingly, Alcoa stock seems to be an exception to this observation. Need to stretch out your 401K or Roth IRA plan? Alcoa Stock Up 145% - More Gains On The Way Today's Range $33.03 $34.52 50-Day Range $31.72 $41.22 52-Week Range $31.14 $58.24 Volume 4.13 million shs Average Volume 4.89 million shs Market Capitalization $6.14 billion P/E Ratio N/A Dividend Yield 1.16% Price Target $48.10 With an aim to combat the . VP & Chief Strategy & Innovation Officer, Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks", WARNING: These 110 Banks Are Planning to Replace the U.S. Dollar, "Chilling War Games Show US Forces Crushed" FOX NEWS, Your Ultimate Investment Research Platform. MACHINE LEARNING ENGINE try it yourself: IFAlcoa stock moved by -5% over 5 trading days,THENover the next 21 trading days, Alcoa stock moves an average of almost 3 percent, with a more than 49% probability of a positive return. mostly recommend to buy the stock while a low score means I've identified 5 investments I believe are in immediate danger. Alcoa announced a quarterly dividend on Thursday, May 4th. Should I buy or sell Alcoa stock right now? What price will TSLA, NVDA, and AAPL be in a month? View the best growth stocks for 2023 here. According to the Trefis Machine Learning Engine, which identifies trends in a companys stock price data for the last ten years, returns for AA stock average close to 5% in the next one-month (21 trading days) period after experiencing a 10% decline over the previous one-week (five trading days) period. In-depth profiles and analysis for 20,000 public companies. The official website for the company is www.alcoa.com. If you buy and hold Alcoa stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you at least if the company is otherwise strong. AA stock fares better after Case 2, with an average return of 3.1% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an average return of 5.1% for Case 2. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently. This was in line with rising demand and expectations of more stimulus measures, which led to a commodity price rally, before Chinese authorities intervened last week. Chinas announcement saw volatility in global aluminum prices which led to a drop in Alcoas stock price. Invest better with The Motley Fool. Earnings reports or recent company news can cause the stock price to drop. MACHINE LEARNING ENGINE try it yourself: IFAlcoa stock moved by -5% over 5 trading days,THENover the next 21 trading days, Alcoa stock moves an average of 0.8 percent, which implies a return which is 0.5 percent lower than that of the S&P500. (844) 978-6257. At some point the stock could become an outstanding value. Type a symbol or company name. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Curated by Michael O'Reilly since 2020. Some Fun Scenarios, FAQs & Making Sense of AA Stock Movements: Question 1: Is the average return for Alcoa stock higher after a drop? While X stock may have moved a lot, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. Homebuilder Stocks Steady; Can They Stay That Way? The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.18. But will Alcoas stock continue its upward trajectory over the coming weeks, or is a correction in the stock more likely? But what took the stock down was the guidance and management commentary which was cautious post the results. The below table summarizes this observation. Despite the future drop off, there's still time to enjoy AA stock's growth. View Alcoa's Short Interest. Alcoa stock dropped Thursday after it reported lower prices for aluminum products at the end of 2022. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Given the decline in aluminum prices it makes sense to price in lower earnings for Alcoa in 2022, and that's what the market is doing right now by pricing the stock lower. Alcoa's stock was trading at $45.47 on January 1st, 2023. The latest stock analyst recommendation is . It is a trending stock that is worth watching. Stockchase rating for Alcoa is calculated according from the experts comments. Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. We paraphrase the experts by hand, we watch the shows and write down what we understood Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Alcoa pays a meaningful dividend of 1.18%, higher than the bottom 25% of all stocks that pay dividends. Trefis->. Don't buy something top of market. Sold this over a year ago. Their AA share price forecasts range from $33.00 to $65.00. Alcoa Stock Forecast: down to 14.007 USD? - 302 Found All rights reserved. However, it might make more sense to wait until there's some stabilization in the price of aluminum before buying Alcoa stock. recommended to SELL the stock. Get Alcoa News Delivered to You Automatically. See allTrefis Price EstimatesandDownloadTrefis Datahere, Whats behind Trefis? See allTrefis Price EstimatesandDownloadTrefis Datahere, Whats behind Trefis? Read the latest stock experts ratings for Alcoa. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. Most of the cuts will include the most important parts for metals consumption, like broadband, roads, and bridges. The Panic-Proof Portfolio (Stockchase Research), Hamilton Enhanced Multi-Sector Covered Call ETF. What's Next For Alcoa Stock After Its 50% Rally? Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images), The Macroeconomic And Real Estate Situation At Mid-Year: Cue The FOMC Again, Where The Money Is Going In Market Sectors. Would hold but not buy more. Alcoa does not have a long track record of dividend growth. Best of all, the improving earnings will place the forward price-to-earnings (P . So important in light weighting vehicles. If you buy and hold Alcoa stock, the expectation is over time the near term fluctuations will cancel out, and the long-term positive trend will favor you - at least if the company is otherwise strong. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Why Alcoa Stock Will Rise Again. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth? Smart Global, Progress Software rise; Nike falls, Friday, 6/30/2023, Man Filmed Vandalizing Rome Colosseum Identified, Faces Up to Five Years in Prison, Supreme Court Blocks Biden's Student Loan Forgiveness Plan Here's How It May Affect the Economy, Former Pfizer Employee Arrested on Covid Drug Insider Trading Charges, How major US stock indexes fared Friday 6/30/2023, Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. One share of AA stock can currently be purchased for approximately $33.93. Trefis is an interactive financial community structured around trends, forecasts and insights related to some of the most popular stocks in the US. Type a symbol or company name. Export data to Excel for your own analysis. Plus a definitive Buy, Sell, Hold recommendation. Create your Watchlist to save your favorite quotes on Nasdaq.com. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Lots of ups and downs. Alcoa Stock Sheds 10% Of Its Value Within A Week - Here's Why - Forbes With an aim to combat the . For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Read the latest stock experts' ratings for Alcoa. Cleveland-Cliffs Joins Nucor In Steel Stock Rally; Alcoa Dives On - IBD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. The average return after a rise is understandably lower than after a fall as detailed in the previous question. To remain disciplined, we recommend trailing up the stop (from $31) to $35 at this time. Sign In. China has one goal: take control of Taiwan, and an invasion could happen any day. Lawsuit filed in battle over Blount Memorial, Alcoa Schedules Second Quarter 2023 Earnings Release and Conference Call, Alcoa point guard Jahvin Carter commits to Penn State basketball, Alcoa (NYSE:AA) Downgraded by Morgan Stanley, Alcoa (NYSE:AA) Shares Gap Down Following Analyst Downgrade, Alcoa's 2022 Sustainability Report Highlights ESG Progress, Alcoas 2022 Sustainability Report Highlights ESG Progress, Tesla, Darden Restaurants, Accenture fall premarket; Root rises, Alcoa set for early slide as Morgan Stanley downgrades to Sell equivalent, Alcoa Amazon Fulfillment Center gets rough opening date, Knoxville still on the horizon, Bank of America Lowers Alcoa (NYSE:AA) Price Target to $52.00, Alcoa (AA) Gets a Buy from Bank of America Securities, Overturned truck closes lane on Alcoa Highway, Alcoa: Exploring The Mystery Of High Tax Rates, Battle for Aluminum Stocks Is Draining LME of Non-Russian Metal, Alcoa man accused of selling more than 100 guns illegally after undercover investigation, Looking At Alcoa's Recent Unusual Options Activity, Woman arrested in connection to 2021 murder, This is something huge | Witness reacts to Green Acres Flea Market Fire, Check Out What Whales Are Doing With Alcoa, Investing Strategies To Help Grow Your Retirement Income, view top-rated stocks among Wall Street analysts, Direxion Daily Metals & Mining Bull 2X Shares (MNM), BNY Mellon Women's Opportunities ETF (BKWO), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Optica Rare Earths & Critical Materials ETF (CRIT), First Trust Materials AlphaDEX Fund (FXZ), WisdomTree U.S. Quality Shareholder Yield Fund (QSY), 201 ISABELLA STREET SUITE 500, PITTSBURGH PA, 15212. Read stock experts recommendations You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. which has driven the rally in global prices of commodities. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Based on earnings estimates, Alcoa will have a dividend payout ratio of 7.68% next year. Motley Fool Issues Rare "All In". What's more, there is a margin squeeze coming in 2023. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks although AA stock appears to be an exception to this general observation. This is a light metal and so every new generation of cars and airplanes will use it. An error has occurred, please try again later. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Buy, Sell or Hold: Alcoa (AA-N) Stock Predictions at Stockchase Why Alcoa Corp's (AA) Stock Is Down 6.56% - Investor Education: Stock Alcoa had a negative net margin of 6.78% and a positive trailing twelve-month return on equity of 4.02%. If you've made money, take some off the table. Read our dividend analysis for AA. It is exposed to commodity prices. In a sense, the move is hardly surprising. This drop was in line with an overall bearish sentiment for metals during the week. If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. Our daily ratings and market update email newsletter. Alcoa Stock Price Forecast. 1-Year Forecast * 14.007 USD Historical index on US Stock Market : A+ "Should I invest in Alcoa stock?" "Should I trade "AA" stock today?" According to our live Forecast System, Alcoa Corp stock is a bad long-term (1-year) investment*. By Sean Murphy June 27, 2023 . But how would these numbers change if you are interested in holding AA stock for a shorter or a longer time period? When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. AA Cost basis and return based on previous market day close. China primary aluminum production reached a record high in April 2021, marking a rise of 2.3% m-o-m and 12.4% y-o-y. Why is Alcoa stock dropping? You can test the chance of recovery over different time intervals of a quarter, month, or even just one day! Contributor. What other stocks do shareholders of Alcoa own? That said, Alcoa is on a stronger footing now, and it might be too early to suggest the commodity upcycle is coming to an end. Add stocks to watchlist to monitor them daily and get important alerts. A high score means experts The question was on Aluminum companies. Alcoa (AA) Stock Sinks as Aluminum Shipments Fall in Sign of Waning Alcoa shares shot up this year on higher aluminum prices. See allTrefis Featured AnalysesandDownloadTrefis Datahere. American Consumer News, LLC dba MarketBeat 2010-2023. He sold last year. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued. MACHINE LEARNING ENGINE try it yourself: IF AA stock moved by -5% over five trading days, THEN over the next 21 trading days, AA stock moves an average of 2.3 percent with a 49% probability of a positive returns. Type a symbol or company name. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. For the best Barrons.com experience, please update to a modern browser. These symbols will be available throughout the site during your session. What happenedShares of aluminum giant Alcoa (NYSE: AA) are racing higher and are up 9.8% so far this week, as of early Friday. Steel and aluminum are replaceable with each other and operate in very similar end markets, so Nucor's warning is a salutary reminder that Alcoa also faces difficulties in 2022. This suggests a possible upside of 41.8% from the stock's current price. Alcoa stock (NYSE: AA) has seen a large rise of 80% in the last six months and currently trades at $41 per share. Read the latest stock experts ratings for Alcoa. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. He thinks there will be a pullback, as with BHP. The company expects increasing cost and weak bauxite pricing to be important headwinds which could take a toll on earnings in the coming quarters. Why is Alcoa stock dropping? - Toccochicago.com Nucor's updated guidance for the third quarter calls for earnings in the range of $6.30 to $6.40 -- somewhat short of the analyst consensus for $7.59. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock. Additionally, the near bipartisan passage of the U.S. infrastructure bill in the Senate has led to expectations of higher demand for steel, aluminum, copper, etc. Trefis Team for That pretty much explains why Alcoa shares fell today. Alcoa Co. (NYSE:AA) Shares Bought by Vontobel Holding Ltd. Bourgeon Capital Management LLC Grows Position in Alcoa Co. (NYSE:AA), Kessler Investment Group LLC Invests $5.10 Million in Alcoa Co. (NYSE:AA), Alcoa (NYSE:AA) Downgraded by Morgan Stanley, Alcoa (NYSE:AA) Shares Gap Down Following Analyst Downgrade, Alcoa's 2022 Sustainability Report Highlights ESG Progress, Alcoas 2022 Sustainability Report Highlights ESG Progress, Tesla, Darden Restaurants, Accenture fall premarket; Root rises, Alcoa set for early slide as Morgan Stanley downgrades to Sell equivalent, Alcoa (NYSE:AA) Cut to "Underweight" at Morgan Stanley, Alcoa Amazon Fulfillment Center gets rough opening date, Knoxville still on the horizon, Bank of America Lowers Alcoa (NYSE:AA) Price Target to $52.00, Alcoa (AA) Gets a Buy from Bank of America Securities, Voya Investment Management LLC Decreases Stock Holdings in Alcoa Co. (NYSE:AA), Overturned truck closes lane on Alcoa Highway, Northwestern Mutual Investment Management Company LLC Has $745,000 Stock Position in Alcoa Co. (NYSE:AA), 25,771 Shares in Alcoa Co. (NYSE:AA) Acquired by Regal Partners Ltd, Alcoa Co. (NYSE:AA) Given Consensus Rating of "Hold" by Analysts, Alcoa: Exploring The Mystery Of High Tax Rates, Battle for Aluminum Stocks Is Draining LME of Non-Russian Metal, Seeyond Reduces Stake in Alcoa Co. (NYSE:AA), Alcoa man accused of selling more than 100 guns illegally after undercover investigation, Alcoa Co. (NYSE:AA) Stock Holdings Lifted by Credit Suisse AG, Looking At Alcoa's Recent Unusual Options Activity, Woman arrested in connection to 2021 murder, This is something huge | Witness reacts to Green Acres Flea Market Fire, Banco Bilbao Vizcaya Argentaria S.A. Raises Position in Alcoa Co. (NYSE:AA), Raymond James & Associates Grows Holdings in Alcoa Co. (NYSE:AA), Check Out What Whales Are Doing With Alcoa. (Photo [+] Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images). Alcoa's mailing address is 201 ISABELLA STREET SUITE 500, PITTSBURGH PA, 15212. You can find many such discontinuous pairs here.
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